Risk Warning

General Investment Risk

All investments involve risk, including the possible loss of principal. The information provided on PEInvest is for educational and informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. You should not make any investment decision based solely on the information presented on this website. Always consult with a qualified financial advisor before making investment decisions.

Private Securities Risks

Investing in private securities involves significant risks that are distinct from public market investments:

• Illiquidity — Private securities are not traded on public exchanges. There is no guarantee that you will be able to sell your investment when you want to, and sales may only be possible at a significant discount to perceived fair value. Lock-up periods of 1 to 10+ years are common.
• Valuation Uncertainty — Private companies are not subject to the same disclosure requirements as public companies. Valuations are based on limited information and may not reflect the true economic value of the underlying business. Pricing on secondary markets can be volatile and spread between bid and ask may be wide.
• Dilution — Companies may issue additional shares through future funding rounds, convertible instruments, or employee stock plans, reducing your ownership percentage and potentially the value of your shares.
• Total Loss — Private companies may fail, resulting in the complete loss of your investment. Even successful companies may take longer than expected to reach a liquidity event, and the terms of that event may not be favorable to all shareholders.
• Limited Information — Private companies typically provide less financial disclosure than public companies. You may not have access to audited financial statements, and the information available may be outdated or incomplete.
• Transfer Restrictions — Private securities are often subject to transfer restrictions, rights of first refusal, lock-up agreements, and other contractual limitations that may prevent or delay your ability to sell.

Secondary Market Risks

• Price Discovery — Secondary market prices for private securities are determined by supply and demand among a limited number of participants and may not reflect fundamental value.
• Counterparty Risk — Secondary transactions involve counterparty risk. Settlement may take weeks or months, and transactions may fail to close.
• Information Asymmetry — Sellers may possess material non-public information that is not available to buyers, creating an uneven information landscape.
• Transaction Costs — Secondary market transactions may involve significant fees, including platform fees, legal costs, transfer fees, and administrative charges that reduce net returns.

Platform & Counterparty Risk

The platforms reviewed on PEInvest are operated by third parties. PEInvest does not control, operate, or guarantee the services, solvency, or regulatory compliance of any platform. Platform operators may face financial difficulties, regulatory actions, or operational failures that could affect your ability to access your investments. We recommend diversifying across multiple platforms and conducting independent due diligence on any platform before investing.

No Investment Advice

Regulatory Status

PEInvest is not registered as a broker-dealer, investment adviser, or in any other capacity with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any state securities regulatory authority. We do not solicit, recommend, or facilitate securities transactions.

Suitability & Accredited Investors

Many private securities investments discussed on PEInvest are available only to accredited investors as defined by the SEC. To qualify as an accredited investor, you generally must meet one of the following criteria:

• Net worth exceeding $1 million (excluding primary residence), individually or with a spouse
• Annual income exceeding $200,000 ($300,000 jointly with a spouse) in each of the two most recent years, with a reasonable expectation of reaching the same level in the current year
• Hold certain professional certifications, designations, or credentials (e.g., Series 7, Series 65, Series 82)
• Be a director, executive officer, or general partner of the company selling the securities

Even if you meet accreditation requirements, private securities may not be suitable for your investment objectives, financial situation, or risk tolerance. You should carefully consider whether such investments are appropriate for you.

Data & Pricing Disclaimer

Pricing data, valuations, and other financial information displayed on PEInvest are indicative and derived from our composite pricing model. This data is based on secondary market activity, funding round information, and comparable analysis, but may not reflect actual transaction prices. Data may be delayed, incomplete, or inaccurate. Always verify information independently before making investment decisions.